Bae Systems PLC (OTCMKTS:BAESY) Sees Significant Decrease in Short Interest

Bae Systems PLC (OTCMKTS:BAESY) was the recipient of a significant decline in short interest in December. As of December 15th, there was short interest totaling 88,651 shares, a decline of 48.1% from the November 30th total of 170,770 shares. Based on an average daily volume of 1,301,752 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 1,301,752 shares, the short-interest ratio is presently 0.1 days.

Bae Systems Stock Up 0.9%

BAESY stock opened at $94.25 on Friday. The business has a 50 day moving average of $93.26 and a 200-day moving average of $98.85. Bae Systems has a 12-month low of $56.55 and a 12-month high of $111.96.

Institutional Investors Weigh In On Bae Systems

A number of hedge funds have recently made changes to their positions in the business. Salomon & Ludwin LLC increased its stake in shares of Bae Systems by 3,150.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 260 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 252 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in Bae Systems by 73.0% during the third quarter. Hantz Financial Services Inc. now owns 327 shares of the aerospace company’s stock valued at $36,000 after purchasing an additional 138 shares during the period. Steigerwald Gordon & Koch Inc. purchased a new stake in Bae Systems in the third quarter worth $44,000. First Horizon Advisors Inc. raised its stake in shares of Bae Systems by 68.7% in the second quarter. First Horizon Advisors Inc. now owns 1,046 shares of the aerospace company’s stock valued at $110,000 after buying an additional 426 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of Bae Systems by 25.6% during the 2nd quarter. GAMMA Investing LLC now owns 2,838 shares of the aerospace company’s stock valued at $298,000 after buying an additional 578 shares during the last quarter. 0.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on BAESY shares. Erste Group Bank started coverage on shares of Bae Systems in a report on Friday, October 3rd. They set a “buy” rating on the stock. The Goldman Sachs Group initiated coverage on shares of Bae Systems in a research report on Friday, September 19th. They issued a “buy” rating on the stock. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Bae Systems Company Profile

BAE Systems plc is a global defense, security and aerospace company that designs, develops and manufactures a broad range of military and related products and services. Formed in 1999 through the combination of British Aerospace and Marconi Electronic Systems, the company supplies platforms, systems and support across air, land, maritime and cyber domains. Its portfolio spans combat and support aircraft systems, naval shipbuilding and subsystems, armored and land combat solutions, electronic and sensor systems, munitions, and intelligence, surveillance and cybersecurity capabilities.

BAE Systems serves government and military customers worldwide, with particularly large footprints in the United Kingdom and the United States as well as operations and sales across Europe, the Middle East, Australia and other markets.